Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3208 72nd Ave Miami, FL 33122-1318

    • Warehouses
    • 128,285 SF
    • 9.24 lot acres
    OFF-MARKET
    Last Sale
    Mar 04, 2025
    $90,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8759980
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • EZ CELLULAR MAX / Mobile Phone Store / Electronics & Wireless Store
    • J C Cell Phone Inc / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 3208 72nd Ave

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    9.24 lot acres
    Property size
    128,285 SF
    Zone code
    7300:INDUSTRIAL,HVY MFG
    Property type
    Warehouses
    APN
    30-3026-000-0050
    APU
    3030260000050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3142
    Latitude
    25.8053
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $425,143
    $12,074,820
    $16,420,180
    $28,495,000
    -
    $12,074,820
    $16,420,180
    $28,495,000

    Comparable in this City

    • Value Estimation by Request
      94,056 SF

      7991 21St St

      Flex space • 94,056 SF
      7991 21St St, Miami, FL 33122
      View Details
    • Value Estimation by Request
      5,928 SF

      1923 82Nd Ave

      Distribution properties • 5,928 SF
      1923 82Nd Ave, Miami, FL 33122
      View Details
    • Value Estimation
      $1,035,000
      5,856 SF

      6890 25th St

      WAREHOUSE, STORAGE • 5,856 SF
      6890 25th St, Miami, FL 33122-1804
      View Details
    • Value Estimation
      $13,595,000
      95,460 SF

      8450 23rd St

      WAREHOUSE, STORAGE • 95,460 SF
      8450 23rd St, Doral, FL 33122
      View Details
    • Value Estimation
      $16,350,000
      126,992 SF

      3315 70th Ave

      WAREHOUSE, STORAGE • 126,992 SF
      3315 70th Ave, Miami, FL 33122-1332
      View Details
    • Value Estimation
      $6,485,000
      41,535 SF

      2900 79th Ave

      WAREHOUSE, STORAGE • 41,535 SF
      2900 79th Ave, Doral, FL 33122-1008
      View Details

    Similar Nearby for Sale

    • $37,500

      Warehouse with Office Space

      Warehouse with office space, air-conditioned, and secure parking.
      8080 NW 33Rd St, Doral, FL 33122
      View Details
    • $2,650,000
      7,200 SF

      Doral Industrial/Flex Space Available

      7,200 SF industrial/flex space in Miami-Dade area.
      8485-8555 NW 29Th St, Doral, FL 33122
      View Details
    • Contact for pricing

      Doral Industrial Space Available Now

      3,720 SF industrial space with warehouse and office.
      2201 NW 79Th Ave, Miami, FL 33122
      View Details
    • Contact for pricing

      Industrial Warehouse Near MIA West

      50,197 SF warehouse with remodeled office space for sale.
      6990 NW 25Th St, Miami, FL 33122
      View Details
    • Contact for pricing

      Industrial Warehouse with Remodeled Office

      Warehouse with remodeled office space and high ceilings in Miami.
      6990 Nw 25Th St, Miami, FL 33122
      View Details
    • Contact for pricing

      Doral Warehouse/Office Condo For Sale

      Warehouse/office condo in Doral, minutes from Miami International Airport.
      2385 NW 70Th Ave, Miami, FL 33122
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      3,050 SF

      NW 78th Ave Office Warehouse

      Freestanding Office Warehouse, 3050 SF
      3400 78 Ave, Doral, FL 33122
      View Details
    • $3,100 /Mo
      Pending

      Warehouse Near Miami Airport Cargo

      Warehouse with office space, near Palmetto Expressway and Miami Airport.
      2365 NW 70Th Ave, Miami, FL 33122
      View Details
    • $0.01 SF/Yr
      24,140 SF

      Prime NW Miami Warehouse Space

      20K+ SF Warehouse, Office, & Parking
      8299 30Th Ter, Doral, FL 33122
      View Details
    • $23 SF/Yr
      7,600 SF

      2818 72Nd Ave

      Distribution properties
      2818 72Nd Ave, Miami, FL 33122
      View Details
    • $21 SF/Yr
      3,960 SF

      Doral Warehouse: 3,960 SF Lease

      Prime Doral warehouse, ideal for retail/industrial use.
      3016 82 Ave, Doral, FL 33122
      View Details
    • $24 SF/Yr
      3,800 SF

      Warehouse Space Near Miami Airport

      3,800 SF warehouse with office space near Miami Airport.
      2700-2730 NW 72Nd Ave, Miami, FL 33122
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3208 72nd Ave
    Miami, FL 33122-1318
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.